Volante Technologies lands $66m in debt and equity funding round
US payments technology provider Volante Technologies has raised $66 million in a debt and equity investment round led by Sixth Street Growth, the technology venture arm of Sixth Street.
Volante Technologies raises $66 million in funding
The round also saw participation from Wavecrest Growth Partners and Wells Fargo Strategic Capital, bringing the total external investment in the firm to $116 million to date.
Founded in 2001 and headquartered in New Jersey, Volante Technologies acts as a cloud payments modernisation partner for financial businesses. It claims its low-code platform processes “millions” of transactions and “trillions” in value daily, with customers including four of the top five global corporate banks and two of the world’s largest card networks.
Explaining how to the company plans to utilise the new funding, Vijay Oddiraju, CEO, Volante Technologies, says, “This latest investment will further accelerate our product roadmap for our customers, particularly in global real-time payments, UK New Payments Architecture (NPA), and domestic and cross-border ISO 20022 modernisation.”
He adds that the funding will also help the company expand its offering “further into the mid-tier bank segment, especially in the US and Europe where FedNow Instant Payments, The Clearing House RTP, and SEPA Instant Payments, respectively, are driving the adoption of modern payments technology”.
